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$AEP agrees to sell its subsidiary AEP River Operations to American Commercial Lines (ACL), owned by Platinum Equity, for $550MM. Upon close of the deal, ACL will acquire AEP River Operations by purchasing all the stock of AEP Resources. $AEP expects to report a net gain of approx $125MM from the sale in 4Q15. The deal is expected to close in 4Q15.
$AAL is giving pay hikes to its employees but investors are sulking.
$APC stock tumbled more than 5.6% after last week's fatal home explosion in Firestone, Colorado prompted the company to close more than 3,000 wells for weeks.
Unicorn Frappuccino. The latest hit from $SBUX. Can't wait to see how this will affect its results.
At what point should $AMZN consider a stock split? $1000 per share seems pretty high.